President Goodluck Jonathan has handed over the share certificates and
licenses to 14 new owners of the Power Holding Company of Nigeria, PHCN
successor companies with an assurance that things will get better in the
power sector. Jonathan described the process of the privatisation
programme as the most transparent in the history of privatisation in the
country.
Meanwhile PHCN staff are not happy about this improvement because their
salaries are yet to be paid. They protested this morning in Governemnt
offices in Abuja and Lagos, and also warned the new investors to stay
away from power installations for now until their demands are met. More
pictures after the cut.
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